US stock futures rallied on Wednesday amid a tech revival that sent the Nasdaq surging, as investors got ready to find out the Federal Reserve's decision on whether to cut interest rates. S&P 500 futures climbed 0.9%, while Nasdaq 100 futures jumped 1.5% after the tech-heavy index closed sharply lower. Dow Jones Industrial Average futures moved up 0.1%. Tech stocks are in the ascendant again after taking a battering in recent days.
Elsewhere, Dutch chip gear giant ASML's stock surged after Reuters reported the US will exempt some foreign allies from new China curbs. As that pressure eases, the spotlight is turning to the Fed, which is expected to hold interest rates steady but signal a cut is in the pipeline when it ends its July policy meeting later Wednesday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: S&P 500 edges up in wait for key earnings, Fed meeting kickoffA packed day of earnings and the start of the Fed's July meeting continue a potentially pivotal week for stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: Tech roars back as S&P 500, Nasdaq surgeInvestors are surveying a changed political landscape after Biden called off his re-election bid, assessing what it could mean for the Trump trade.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: Tech roars back as S&P 500, Nasdaq surge ahead of earningsInvestors are surveying a changed political landscape after Biden called off his re-election bid, assessing what it could mean for the Trump trade.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500, Nasdaq eye fresh records as Powell notes inflation progressInvestors cautiously weighed the rate-cut odds ahead of crucial June jobs data, with Powell comments on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: US futures tread water after S&P 500's record closeInvestors looked to fresh economic data for pointers on rate cuts as they got set for the July 4th closure.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »